Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process

The
Consumer Financial Protection Bureau (CFPB or Bureau) seeks information about
the use or potential use of alternative data and modeling techniques in the
credit process. Alternative data and
modeling techniques are changing the way that some financial service providers
conduct business. These changes hold the
promise of potentially significant benefits for some consumers but also present
certain potentially significant risks. The Bureau seeks to learn more about current and future market
developments, including existing and emerging consumer benefits and risks, and
how these developments could alter the marketplace and the consumer
experience. The Bureau also seeks to
learn how market participants are or could be mitigating certain risks to
consumers, and about consumer preferences, views, and concerns.